Bob,
That is in fact a very safe bet when it comes to liquidating some items from your collection.
Remember the Fed law specifically prohibits the buying and selling of guns without a license if the motive is to be "engaged" in the business of buying and selling.
It does however make the exception for persons who are just selling off their personal property(in this case guns) for any other reason. Just because you may profit from the sale of your firearms does not mean that you are "engaged" in the business of buying/selling guns. You would fall into the category of "casual sales" which again, the ATF recognizes as a lawful part of the GCA 68.
It is very subjective however, and there is lots of grey area. Plus many states require lawful transfer of handguns to satisfy any registration requirments that may exsist for that state. In that case one would have to transfer ownership thru an FFL. The mere act of transfering thru an FFL would be sufficient to comply with the rules outside of a casual sale and yet still not be considered "engaged in the business" as in fact one would be using the lawful services of an FFL holder.
Sounds complicated, because it can be. A lot of this non-sense is left to the interpretation of the agent/agents(ATF) that would be involved with an investigation. And eventually it would be left to the interpretation of a court of law because there is not a lot of precedent and each case is very individual.
Best bet is to cover your a** and comply with the rules and regs set forth in the GCA68 and Brady Bill to the best of your ability in order to keep from tempting fate.
As to C&R licenses, I wouldbe very hesitant to show too many dispositions to non FFL or C/R holders. I am not too familiar with the workings of the C&R license, but I have heard of C&R license holders running into legal trouble fro violating law with regards to C/R use. Mostly compliance issues(not keeping the bound book up to date as to aquisitions and dispositions) and the big one, selling off of firearms for the intent of profit. Again, the ATF can interpret that as "engaged in the business of buying and selling). be careful with your C&R and keep you bound book to the letter.
John
Seneca Arms CO
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